Shearman And Sterling

News March 02, 2022

Estado Plurinacional de Bolivia’s Issuance of $850 Million in Debt Securities

Shearman & Sterling represented BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC as initial purchasers and dealer managers in connection with Bolivia’s issuance of $850 million 7.500% notes due 2030, in an offering of new notes and in a liability management transaction consisting of separate offers to purchase for cash and offers to exchange its three outstanding series of U.S.-dollar denominated notes. The offers to purchase for cash and offers to exchange represented Bolivia’s inaugural liability management operation in the international capital markets. Bolivia intends to use the proceeds of the offering for general budgetary purposes and liability management transactions.

The Shearman & Sterling team below included associate Nicolas Usandivaras (New YorkCapital Markets) and visiting attorneys Pedro de Elizalde and Ana Goncalves (both New York–Capital Markets).

The Team

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